5 Stocks Rising on Unusual Volume

Often when above-average volume moves into an equity, it precedes a large spike in volatility.

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Uni-Pixel ( UNXL) is a development stage company that has developed, patented and demonstrated a new color display technology in the form of proof of concept prototypes, which it calls Time Multiplexed Optical Shutter. This is trading up 15.9% at $15.90 in recent trading.

From a technical perspective, UNXL is ripping higher here right above some near-term support at $13.35 with monster upside volume. This move has started to push UNXL into breakout territory, since the stock has started to challenge some previous overhead resistance levels at $15.74 to $16.33. At last check, shares of UNXL have hit an intraday high of $16.77 and volume is well above its three-month average action of 272,666 shares.

Traders should now look for long-biased trades in UNXL as long as it's trending above today's low of $14.24, and then once it sustains a move or close above $15.74 to $16.77 with volume that hits near or above 272,666 shares. If UNXL can maintain that trend, then this stock has a solid chance of hitting $20 or higher in the near future.